HSMV First Trust Horizon Managed Volatility Small/Mid ETF

ETF

ETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels

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HSMV — —
Key stats
About

First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) ETF

No description available.

Exchange
ARCX
Inception
2020-04-06
Has Options
No
Fund profile
holdings as of Apr 30, 2026SEC filingthrough Jul 2026flows, SEC filings
Factor & Dividend Low Volatility#19 of 20 by assets First Trust US Actively managed
Expense ratio
0.80%
prospectus, filed Nov 28, 2025
Assets
$5.3M
shares × price, Oct 9, 2026
Trailing yield
4.59%
paid quarterly
Average daily volume
$54K
30 sessions
Holdings
151
top 10 are 16.4%
Listed
Apr 6, 2020
NYSE Arca
Closure risk, 12 months
1.4%
low · model
FrenzyCap ETF score
22
how it is built
Cost5
Liquidity0
Scale0
Diversification100

Moves with. Value over growth (24% of its variance, beta 0.51); US large-cap stocks (22% of its variance, beta 0.64); Small caps over large (8% of its variance, beta 0.18); Long Treasuries (6% of its variance, beta 0.19). These factors explain 61% of its daily moves over the last year.

Stated objective. The First Trust Horizon Managed Volatility Small/Mid ETF s (the Fund ) investment objective is to seek to provide investors with capital appreciation. (from the fund's prospectus)

All 151 holdingsFlow historySimilar fundsOverlap toolAll Low Volatility ETFs

Fund flows
through Jul 2026SEC filings
Jul 2026
$0
latest reported month
Latest 3 months
+$3.7M
+10.6% of assets
Latest 12 months
+$5.5M
+15.7% of assets
Aug 2025: $0Sep 2025: $0SepOct 2025: $0Nov 2025: $0NovDec 2025: +$1.8MJan 2026: $0JanFeb 2026: $0Mar 2026: $0MarApr 2026: $0May 2026: +$1.8MMayJun 2026: +$1.9M+$1.9MJul 2026: $0Jul
View as a table
Net flows of HSMV by month, Aug 2025 to Jul 2026
MonthNet flow
Jul 2026$0
Jun 2026+$1.9M
May 2026+$1.8M
Apr 2026$0
Mar 2026$0
Feb 2026$0
Jan 2026$0
Dec 2025+$1.8M
Nov 2025$0
Oct 2025$0
Sep 2025$0
Aug 2025$0

Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 78 months ago

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REGLProShares S&P MidCap 400 Dividend Aristocrats ETF33%0.40%$1.7B+2.1%compare
SIXLETC 6 Meridian Low Beta Equity ETF26%0.46%$198M+4.5%compare
DONWisdomTree U.S. MidCap Dividend Fund24%0.38%$3.8B+5.0%compare
IVOVVanguard S&P Mid-Cap 400 Value ETF24%0.10%$1.3B+7.3%compare

Ranked by how much of the two portfolios is the same securities.

Look-through: what the holdings say
weights as of Apr 30, 2026SEC filing
Holdings vs fair value
+18.2%
55% under, 14% over · 97% covered
Price / earnings
16.5
2% loss-making · 97% covered
Price / book · sales
1.8 · 1.4
revenue growth +7.9%
Above 200-day average
30%
17% above 50-day · by weight
Short interest
6.2%
of float, weighted · 4.8 days to cover
Insider buying
8%
of weight had net insider buying, 90 days; 43% net selling
13F holders
+2.5%
change in shares held by institutions, latest quarter
Reporting earnings
1.2%
of weight in 7 days; 17.0% in 14
Largest contributors below fair value
STWD+50%EFC+50%PECO+33%NNN+46%GATX+50%
Largest contributors above fair value
OGE−17%IDA−18%MSGS−31%DTM−16%EIG−43%

Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.

What changed in the portfolio
Jan 31, 2026 → Apr 30, 2026
ActionHoldingWeight beforeWeight afterShares vs flows
New positionMCRIMONARCH CASINO & RESORT INC—1.10%—
IncreasePECOPHILLIPS EDISON & COMPANY INC1.02%2.11%+93.3%
ExitUSFDUS Foods Holding Corp1.07%——
New positionPAGPENSKE AUTOMOTIVE GROUP INC—0.96%—
DecreaseGLPIGAMING AND LEISURE PROPERTIES INC1.56%0.65%−60.0%
New positionFRESH DEL MONTE PRODUCE INC—0.83%—
New positionWTSWATTS WATER TECHNOLOGIES INC—0.83%—
ExitINTWFCSG Systems International Inc0.81%——
New positionHMNHORACE MANN EDUCATORS CORP—0.80%—
ExitEXPOExponent Inc0.78%——

19 new, 19 exited, 54 increased and 42 decreased between the fund's two latest holdings reports; turnover 22.1%. Full holdings and history

Under the hood
fiscal year to Jul 31, 2025SEC census
Authorized participants
4 active
of 24 with agreements; top 3 did 93%
Created · redeemed
$16M · $9.0M
over the fiscal year
Redemptions in kind
100%
creations 100% in kind
Creation unit
50,000
shares
Securities lending
authorized, none lent

From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.

ETF Profile
holdings as of 2026-07-31
Holdings
152
AUM
$29.4M
Provider
Nport
Inception
2020-04-06
Exchange
ARCX
Data As Of
2026-07-31
Expense Ratio
0.80%
Dividend Yield
4.59%
Distribution
Quarterly
Recent distributions
Ex-Date Pay Date Amount Type
2026-09-24 2026-09-30 $1.0500 CD
2026-06-25 2026-06-30 $0.1500 CD
2026-03-26 2026-03-31 $0.1178 CD
2025-12-12 2025-12-31 $0.3101 CD
2025-09-25 2025-09-30 $0.1506 CD
2025-06-26 2025-06-30 $0.1549 CD
Asset Allocation
Top Holdings
top 50 of 152 holdings
Symbol Name Weight % Asset Class Country
NJR New Jersey Resources Corp 1.65% Equity (common) US
FCPT Four Corners Property Trust In 1.59% Equity (common) US
EFC Ellington Financial Inc 1.58% Equity (common) US
GLPI Gaming and Leisure Properties 1.56% Equity (common) US
OGE OGE Energy Corp 1.54% Equity (common) US
STWD Starwood Property Trust Inc 1.49% Equity (common) US
IDA IDACORP Inc 1.45% Equity (common) US
INGR Ingredion Inc 1.36% Equity (common) US
NLY Annaly Capital Management Inc 1.33% Equity (common) US
GGG Graco Inc 1.31% Equity (common) US
ADC Agree Realty Corp 1.29% Equity (common) US
MSA MSA Safety Inc 1.27% Equity (common) US
DCI Donaldson Co Inc 1.23% Equity (common) US
LTC LTC Properties Inc 1.16% Equity (common) US
SCI Service Corp International/US 1.15% Equity (common) US
WDFC WD-40 Co 1.15% Equity (common) US
BCPC Balchem Corp 1.14% Equity (common) US
WPC WP Carey Inc 1.08% Equity (common) US
BKH Black Hills Corp 1.08% Equity (common) US
USFD US Foods Holding Corp 1.07% Equity (common) US
POST Post Holdings Inc 1.07% Equity (common) US
MSGS Madison Square Garden Sports C 1.05% Equity (common) US
ATR AptarGroup Inc 1.05% Equity (common) US
ORI Old Republic International Cor 1.04% Equity (common) US
PECO Phillips Edison & Co Inc 1.02% Equity (common) US
ACT Enact Holdings Inc 1.01% Equity (common) US
FCN FTI Consulting Inc 0.98% Equity (common) US
AVA Avista Corp 0.97% Equity (common) US
— Assured Guaranty Ltd 0.96% Equity (common) BM
NNN NNN REIT Inc 0.96% Equity (common) US
DLB Dolby Laboratories Inc 0.94% Equity (common) US
GATX GATX Corp 0.91% Equity (common) US
CLH Clean Harbors Inc 0.90% Equity (common) US
POR Portland General Electric Co 0.89% Equity (common) US
DTM DT Midstream Inc 0.88% Equity (common) US
GVA Granite Construction Inc 0.87% Equity (common) US
RLI RLI Corp 0.87% Equity (common) US
SEIC SEI Investments Co 0.87% Equity (common) US
CCK Crown Holdings Inc 0.86% Equity (common) US
REYN Reynolds Consumer Products Inc 0.85% Equity (common) US
AM Antero Midstream Corp 0.85% Equity (common) US
AVT Avnet Inc 0.84% Equity (common) US
— Essent Group Ltd 0.82% Equity (common) BM
BXMT Blackstone Mortgage Trust Inc 0.82% Equity (common) US
INTWF CSG Systems International Inc 0.81% Equity (common) US
UVV Universal Corp/VA 0.80% Equity (common) US
CDP COPT Defense Properties 0.79% Equity (common) US
ARW Arrow Electronics Inc 0.78% Equity (common) US
THG Hanover Insurance Group Inc/Th 0.78% Equity (common) US
EXPO Exponent Inc 0.78% Equity (common) US
Chart
Seasonality
'21'22'23'24'25'26Avg
Jan0.80%-5.98%5.48%-1.40%2.00%2.85%0.62%
Feb4.95%-0.92%-3.11%1.97%1.26%3.92%1.34%
Mar2.92%3.85%-3.93%3.88%-0.82%-5.89%0.00%
Apr3.08%-5.86%-0.85%-3.31%-2.58%4.52%-0.83%
May-0.09%1.49%-4.43%3.24%1.96%-2.01%0.03%
Jun-1.71%-6.13%5.74%-0.60%0.45%4.66%0.40%
Jul1.56%6.42%2.33%8.65%-2.41%1.78%3.06%
Aug1.08%-4.07%-1.87%2.18%4.49%-2.55%-0.12%
Sep-4.38%-8.36%-5.91%2.39%-0.68%-7.84%-4.13%
Oct3.58%7.13%-1.74%-0.34%-3.22%0.38%*0.96%
Nov-3.89%5.71%5.30%6.94%3.16%--3.44%
Dec7.24%-4.65%4.04%-7.01%-1.30%---0.34%
Total15.50%-12.35%0.06%16.75%2.00%-1.07%3.48%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $36.21
SMA 50: $37.81
SMA 200: $37.51
Current: $35.44
EMA 12: $35.73
EMA 26: $36.46
MACD: -0.7349 | Signal: 0.0143
BEARISH
ADX (14): 39.65
TREND
+DI: 24.76
−DI: 53.18

Momentum Oscillators

RSI (14): 29.62
OVERSOLD
Stoch %K: 8.28
Stoch %D: 8.89
Williams %R: -89.05

Volume & Volatility

BB Upper: $38.01
BB Lower: $34.41
NEUTRAL
OBV: 521,539
Vol SMA 20: 1,786
Vol ROC: -79.23%
ATR: $0.25
True Range: $0.17
HV 20: 14.0%
HV 30: 11.9%
HV 60: 10.6%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-11T00:00:00 – 2026-10-09T00:00:00
AI Analysis

Click Frenzy-Pro™ for an AI analysis of this ticker.

Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.

News
All HSMV news →
Showing 1–10 of 50
Page 1 of 5

HSMV Options Activity & IV Rank

Loading options activity...
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis

Risk Metrics

Beta: 0.2386
Alpha: -3.49%
Correlation: 0.2877
R-Squared: 8.3%
Stock Volatility: 10.8%
Market Volatility: 13.0%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time

HSMV Institutional Ownership (13F)

Latest filings — 2026-06-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

16 filers906,110 shares$34.68M value
# Filer Shares Value % of Total % of Float Period
1 Envestnet Asset Management, Inc. 285,847 $10.94M 31.55% — 2026-06-30
2 Cetera Investment Advisers Custodian 188,638 $7.22M 20.82% — 2026-06-30
3 LPL Financial LLC Custodian 178,434 $6.83M 19.69% — 2026-06-30
4 Bank of New York Mellon Corp Custodian 153,389 $5.87M 16.93% — 2026-06-30
5 Tower Research Capital LLC (TRC) Custodian 42,691 $1.63M 4.71% — 2026-06-30
6 Orion Porfolio Solutions, LLC 27,475 $1.05M 3.03% — 2026-06-30
7 PRINCIPAL SECURITIES, INC. 16,509 $631.86K 1.82% — 2026-06-30
8 CERTIOR FINANCIAL GROUP, LLC 7,544 $288.72K 0.83% — 2026-06-30
9 OSAIC HOLDINGS, INC. Custodian 4,187 $160.28K 0.46% — 2026-06-30
10 Silver Grove Financial Group, Inc. 417 $15.96K 0.05% — 2026-06-30
11 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 286 $10.94K 0.03% — 2026-06-30
12 UBS Group AG Custodian 278 $10.64K 0.03% — 2026-06-30
13 Truvestments Capital LLC 227 $8.69K 0.03% — 2026-06-30
14 US BANCORP \DE\ Custodian 123 $4.71K 0.01% — 2026-06-30
15 Horizon Investments, LLC 64 $2.45K <0.01% — 2026-06-30
16 Russell Investments Group, Ltd. Custodian 1 $36 <0.01% — 2026-06-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period
Constituent Performance

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Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month